Zipcar Adds Steve Case and John Mahoney to its Board of Directors

17 December 2010

Today, Zipcar announced two changes to its board of directors with the addition of Steve Case and John Mahoney, two highly accomplished executives of global companies and top brands.

Steve Case is the co-founder and former CEO and chairman of America Online (AOL). In addition, Mr. Case is the founder of Revolution, LLC, a holding company that purchased a controlling interest in Flexcar in 2005. In 2007, Flexcar merged with Zipcar and assumed the Zipcar brand.

John Mahoney is the vice chairman and CFO of Staples. He has served as Executive Vice President, Chief Administrative Officer and Chief Financial Officer of Staples since October of 1997. Mr. Mahoney will also chair the Audit Committee and will sit in a newly established board seat, expanding the Zipcar board to nine members.

“Steve has been a passionate and committed supporter of car sharing and Zipcar for many years, and we will benefit from having more of his time. Steve’s leadership and deep experience in emerging technology and media will be invaluable,” said Zipcar Chairman and CEO, Scott Griffith. “We will also benefit from John’s experience in operating and financing a global business as we seek to expand our footprint across the country and around the world.”

“Since my original investment in 2005, I’ve believed that car sharing will revolutionize urban transportation and redefine how we think about mobility,” remarked Case. “I look forward to working with Scott Griffith and his team in their efforts to build it into a successful global company.”

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“Zipcar’s innovative service is a tangible solution for a world dealing with increasing urbanization issues which include parking and congestion issues as well as carbon emissions,” said Mahoney. “I am excited to be joining Zipcar at this stage in its history.”

Case will take the seat formerly held by Philippe Bourguignon. Mr. Bourguignon - who is currently CEO of Miraval, the leading resort spa, and has previously held leadership roles at Euro Disney, Club Med and the Davos Economic Forum - will stay actively involved with Zipcar through a role on the company’s board of advisors as a specialist in international growth and brand development.